Zooming Out: The Trade Effect of the Euro in Historical Perspective

@article{Berger2005ZoomingOT,
  title={Zooming Out: The Trade Effect of the Euro in Historical Perspective},
  author={Helge Berger and Volker Nitsch},
  journal={CESifo Working Paper Series},
  year={2005}
}

EMU impact of on third countries' exports: a gravity approach

In this article we explore the impact of the euro adoption and the effect of the volatility of the real exchange rate on trade both on intra EMU trade and on EMU trade with third countries. To this

Trade Integration and Business Cycle Synchronization in the Euro Area: The Case of Southern European Countries

This paper examines synchronization in the euro area and the role of intra-EMU trade from 1981 to 2011, focusing in particular on southern European countries. The results indicate that the

Trade Effects of the Euro Adoption by the EU New Member States

In this paper we estimate the trade effects of the euro adoption in countries that joined the European Union in 2004. We employ a generalized gravity model that controls for an extended set of trade

The Euro Effect on Trade is Not as Large as Commonly Thought

Existing studies on the impact of the euro on goods trade report increments between 5% and 40%. These estimates are based on standard panel gravity models for the level of trade. We show that the

The Euro Effect on Trade is Not as Large as Commonly Thought

Existing studies on the impact of the euro on goods trade report increments between 5% and 40%. These estimates are based on standard panel gravity models for the level of trade. We show that the

Euro and Trade Flows in Central Europe

In this paper we estimate the trade effects of the euro adoption in Central European countries using a modified gravity model. In particular, we analyze the ex post implications of accession of

The Euro's Trade Effects

This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus

The effect of the Euro on the bilateral trade distribution

This paper investigates whether the introduction of the Euro has affected trade. Contrary to the existing literature and motivated by recent development in trade theory, we apply quantile regressions

Euros and Zeros: The Common Currency Effect on Trade in New Goods

This paper tests whether trade in new goods is partially responsible for the pro-trade effects of the euro and provides a measure of the size of the effect. It works with a very large data set (about
...

References

SHOWING 1-10 OF 25 REFERENCES

Has the Euro Increased Trade?

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade. Existing studies examine this suspicion indirectly using non-EMU data and report

The Euro Effect on Trade is Not as Large as Commonly Thought

Existing studies on the impact of the euro on goods trade report increments between 5% and 40%. These estimates are based on standard panel gravity models for the level of trade. We show that the

The Euro's Trade Effects

This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus

Trade Volume Effects of the Euro : Aggregate and Sector Estimates

The gravity model is used to estimate the trade volume effects of the creation of the European currency union. The euro is estimated to have raised the level of aggregate trade between euro countries

Currency unions and trade: The special case of EMU

In this paper, the impact of the adoption of the euro on the commercial transactions of EMU countries is investigated. It seeks to disentangle the effects of eliminating exchange rate volatility —

Trade Effects of the Euro: Evidence from Sectoral Data

This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by the

The currency union effect on trade and the FDI channel

The positive effect of a common currency on trade is empirically well-documented, but the reason of this effect remains unclear. In this paper, we argue that part of the currency union effect on

The Currency Union Effect on Trade: Early Evidence from Emu

In this paper we estimate the early effect of the European Monetary Union (EMU) on trade. We use a panel data set that includes the most recent information on bilateral trade for 22 developed

One Market: The Effect of Common Currencies on Trade

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data, bilateral observations for five years during 1970-90

Currency Union Entries and Trade

Recent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade.